Minimum deposit requirements might even go up, depending on which type of account you decide to use. The promotions section of VideForex is quite rich, as there are contests, referrals, and giveaways available for all kinds of traders. With each of these, it is possible to trade Forex and CFD products.
However, it seems like the broker is missing the most important, the regulation. However, over the last few years, the American laws have passed through several changes and currently, it is not illegal to trade in binaries with USA brokers. What you have to look for, though, is a good and reliable website that has an official license for operating on the market and that has found an agency to cover its security. forex trading platform software Thankfully, after the changes we have mentioned, there are now official controlling bodies in USA, which are in charge of the binary options USA brokers. The following two agencies are currently responsible for the safety regulation in binary options trading brokers. The trading platform which VideForex Gives their customers in a fresh proprietary system which isn’t bought in any other broker.
Once again, our kind advice to you is to go for a brokerage company that is fully licensed and regulated, so you don’t have to worry whether your funds are in safe hands or not. We believe that VideForex has some good features including innovative customer support, attractive bonuses, and the choice to trade more than 150 financial assets. But all of these do not have much value when you know you are dealing with a broker that is not licensed, lies about it, and tries to position itself as something that it is not. VideForex has created a new approach – trading forex and binary options with video support. However, the whole concept is focused on female support staff via live video steam which honestly resembles porn instead of actual currency trading. Videforex is an unregulated broker which offers extraordinarily little information on critical factors that traders must consider when evaluating brokers.
Videforex Review And Test For Traders: Is It A Scam Or Not?
It is worth noting that this means VideForex.com isn’t controlled by CFTC, such as most US foreign exchange brokers. A useful additional feature of the system comes from their societal trading attribute, also called ‘copy trading’.
Despite being pretty much a novice on the scene, it hands out attractive weekly competitions, an fx platform, and live video service. Additionally, offering several online trading accounts, as well as a simple installation and usage, this agent is an appealing proposition for both novices and seasoned traders. Bronze – With this account, you gain from withdrawals in 1 hour, 24/7 live video chat service, a demo account alternative, and their copy trading instrument. VideForex features their very own proprietary web based trading platform that’s accessible via any web browser on most desktop computers and smart mobile devices. The platform is not required to be downloaded or installed and is accessible from anywhere in the world. Upon using the platform for the first time, it’s evident that it is intuitively designed and great for beginner traders.
- The trading platform featured by VideForex is very simple yet sophisticated enough to competently trade CFDs and binary options on a variety of financial assets.
- The top four traders get $20,000, while the rest get trading bonuses or gadgets.
- The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice.
- If you day trade with VideForex.com, they guarantee your withdrawals will be processed within one hour.
- The minimum deposit amount is $250 and while this broker does not charge for transfers, some third party providers may.
- Having said this, some traders will see this simple system as suitable.
Silver Account – A minimum deposit of $1,000, access to a Master Class, a bonus of 50%, and 3 risk-free trades. The varied assets available should keep even the most professional trader satisfied, but it may get tedious for beginner traders to choose a handful of instruments from the overall choice. Nevertheless, with practice and trading experience, traders should be able to choose their preferred instruments. VideForex faces various challenges in the highly competitive industry, forex broker types where traders have access to some of the best brokerages and service providers to trade Forex and CFD products. VideForex is a company that has ventured into the world of Forex and CFD trading to try their hand at one of the largest financial products in the market. Forex and CFD trading is a large legal activity across the world, but there may be some regulatory restrictions that vary from country to country. The broker seems to specialize in Forex and binary options primarily.
Trade Forex, Cfd
According to them, the advantages of using their service include guaranteed withdrawals within 1 hour, the possibility to trade over weekends, and 100% secure trading with data protection. The broker not only https://forex-trend.net/ provides the services to the clients but also takes care of their knowledge in the sphere. Video lessons, web sessions, and detailed information in the FAQ section can be very useful to the novice traders.
For forex, you can expect to find the seven major currency pairs along with minor and exotic pairs. To jumpstart your career as a trader, you have to choose the right broker that has everything you need to know. In this review, we will be focusing on one of your potential brokers, VideForex. Here in our review, you will get to know the company as a whole and read Videforex Broker Review about its features and how it works. You can fund your account by credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money. The funds will be available for trading immediately, after a confirmation from the payment system. For that, you will get all the Silver features, plus a bonus of 100%.
They refuse to discuss or ask for verification to unlock the account. They take days/weeks to process withdrawals yet their T&C’s say they are processed within the hour. Withdrawn some profit which could only be done in small percentages over many weeks due to them declining larger withdrawals due to “security checks” that once passed made no difference.
Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website. If you are looking for alternatives to Videforex we have compiled a list of the top 5 brokers that are similar to Videforex below. This list of brokers like Videforex is in order of similarity and only includes companies that accept traders from your location.
VideForex offers around 100 assets to trade from across the four main categories of stocks, currencies, indices and commodities. For the benefit of beginner traders, Videforex has also provided them with an educational section that comes with streaming video lessons. These video lessons cover trading basics which are designed to give beginner traders a footing on how to trade binaries. Opening your trading account at Videforex is quite a straightforward process.
It gives a full picture of the binary option of CFD/forex trading without any threat to the costs on the user balance. This feature may be beneficial for the clients who are new in the field and need some time and experience to feel more confident about risking their own money. The use of VideForex platform does not induce much confidence, as the platform is a proprietary interface that offers both binary options and FX/CFD products through a Web Trader. Web traders have traditionally been marginally inferior to installable interfaces, as web-based interfaces don’t provide the much-needed dexterity for trading. VideForex is a part of a thriving group of binary options properties under the FGC brand, and we did expect the company to offer full access to its existing set of financial assets. True to their promise, VideForex has more than 160 instruments from four asset classes, namely, Forex, commodities, indices, and stocks.
Your virtual funds will depend on how much you decide to deposit into your trading account. You can speak with a customer support representative to verify your deposit, and so they could open a demo account for you. Using a demo account, VideForex users won’t risk their hard-earned capital. Instead, they will be using virtual funds provided by the broker. However, to be able to trade using the demo account feature, clients will need to deposit at least $250.
Depositing funds are usually instant so to ensures that VideForex clients can start trading right away. As previously mentioned, the minimum deposit depends on which account type you want to open. Additionally, since options trading is already considered high risk on its own, clients are not required to trade with leverage. To receive demo account access you need to fund your trading account and contact customer support to get demo account credentials. Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option.
Here, you will have access to drawing tools that allow you to employ Fibonacci-based techniques as well as harmonic patterns. Measuring tools can be found here as well and will be used if you want to measure your risk or probable gain. Furthermore, clients will notice that there is a timer on top of the chart. This timer is a countdown for options expiry times and is particularly useful when you’re anticipating a quick, profitable trade.
This makes VideForex.com a powerful ally for day traders still finding their feet or those who desire re-assurance that live support is only a couple of clicks away. The live video feed used by the customer support team is a nice touch and sets the broker apart from others in the industry. The minimum deposit requirement is set to 250$ and it can go up to 3000$ for a gold account. This amount is not very high compared to the industry’s standard , but there are a lot of other brokers that have lower requirements, and going for them might be a better idea. Once you start trading, you have multiple funding and withdrawal methods available at your hands.
Fine list of the best 10 US Binary Option Brokers – The cumbersome task of identifying a binary broker accepting the US clients is simplified by the list provided in. US regulators will often try to sue them if they offer services to US-based clients.
If you are looking for a binary options broker, you should give this one a notion. In terms of underlying assets that are available for trading at Videforex, there is a wide selection to choose from. On offer are 80 different types of stocks, 15 currency pairs, 9 types of commodities and 13 types of market indices. We were pleasantly surprised that a new broker such as Videforex forex broker types was able to offer such a wide diversity in terms of their trading assets. From that, we get the impression that this broker is making a considerable effort in carving a name for itself in the competitive binary trading industry. Other indicators, such as spreads and leverage do not look very attractive and along with minimum deposits do not correlate with the industry’s average.
This is why traders should treat this broker as an unregulated platform and must be extra careful when trading with them. You will immediately receive your trading account and all tools you need for successful trading. However, Videforex has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India.